This scenario actually took place about two weeks ago in a corp. fin. class. The professor asked what a 'proxy' was..and this is what ensued:
1st girl called on: "I don't know" (probably the smartest answer up until I spoke 4th).
2nd guy called on: "it is an approximation" (fucking moron).
3rd guy called on: "a temporary number" (equally useless response).
Thoughts? I was quite frankly too disgusted to laugh at the time, but it is quite amusing.
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If you knew it all moron why did you attend the class?
Your classmate are learning. I can't wait to interview brats like you @#$%!
Hmm, you misunderstand my intentions. The question was asked in reference to a proxy in general (unrelated to finance). I cannot believe someone thought a proxy was short for 'an approximation'. I do not nearly profess to know it all, nor am I a brat (far from it), but I am bright enough not to volunteer information that I do not know. This story is only justification for a stronger english & literature requirement for undergrad students.
Does this really warrant posting? I can think of much dumber things I hear on a day to day basis.
that I've heard proxy used correctly as approximation, i.e. that number proxies another as an estimation. but maybe its just a stretch of formal definition.
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